hp down 1.7%, all of these stocks, merck, united technology, down two-thirds of 1%, not awful. down the session 109. oil down, the dollar's up. we have interesting trade going on. we also have the vix index up as well. >> thank you so much. oil prices dipping lower despite a drop in crude inventories, and meantime, can't take your eyes off iran. state tv there reported the country maneuvered the navy in the area of strait of hormuz, a move that could have a big impact on oil. joining us is president of jj woods and associates. is this where we go from here? further up? again, crude at $91 a barrel is not a pretty sight unless you are long oil. >> yeah, and that's pretty much what the market is. i mean, i'm a little surprised that there has not been more profit taking, but like you mentioned before, you know, a bunch ever iranians rattling a saber out there making people near nows. it's 92.5, doesn't look good, but overreactions put us there. dagen: if there's not a deal done in washington to care for the looming tax increases and spending cuts, isn't oil going lower in the comi